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China Sonangol targets Harare’s gold and oil

The China International Fund and China Sonangol are being used to bail out troubled regimes when international pressure on them is at its highest. First, there was the China International Fund’s US$7 billion deal in Guinea on 12 October, just after the 28 September massacre of civilians in Conakry (AAC Vol 2 No 12). This month, Zimbabwean President Robert Mugabe’s government announced an $8 bn. deal with China Sonangol on 18 November, shortly after Prime Minister Morgan Tsvangirai returned to the power-sharing government and the Southern African Development Community began to increase pressure on the regime....

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